Stories

  • RCG Markets New Global Equity FoF

    April 25, 2008

    RCG Capital Partners is marketing its global fund of hedge funds for the first time.

  • Pamplona Embarks On Asset Raising

    April 25, 2008

    Pamplona Capital Management is making a first push for assets from external investors for its two hedge funds—an emerging markets strategy and an energy and transportation offering.

  • Barclays To Build Asian Fund-Linked Business

    April 25, 2008

    Barclays Capital is planning to grow it fund-linked business, adding dedicated traders and structurers to the region for the first time.

  • Merrill HK Credit Mavens Exit For Hedge Fund

    April 25, 2008

    Two senior credit bosses have left Merrill Lynch in Hong Kong and are understood to have joined a distressed debt hedge fund in Singapore.

  • BroadStreet Preps Multi-Strat EM Fund

    April 25, 2008

    New York-based BroadStreet Capital Partners is preparing to launch an emerging markets multi-strategy fund May 15.

  • PIMCO Preps “Unconstrained” Fund

    April 24, 2008

    Fixed income shop Pacific Investment Management (PIMCO) is prepping a new fund called the PIMCO Fixed Income Unconstrained Fund, which will invest in a variety of asset classes, The Wall Street Journal reports, citing a Securities and Exchange Commission filing.

  • Paine & Partners Adds Two Ops Directors

    April 24, 2008

    Private equity firm Paine & Partners has hired Bjarni Ármannsson and Frank Reite as operating directors who will focus on opportunities in the Nordic region, specifically the seafood, energy and financial services sectors.

  • Bracewell & Giuliani Names Partner

    April 24, 2008

    Law firm Bracewell & Giuliani has named hedge fund specialist John Brunjes a partner in the firm’s private investment funds practice, Hedgeco.Net reports.

  • Galleon To Launch L/S Fund From Singapore

    April 24, 2008

    Hedge fund manager Galleon Group is establishing a Singapore operation to manage its USD1.1 billion Asian long/short equity fund and to expand into new businesses, industry sources told Reuters.

  • Hedge Fund Ups Stake In The Pantry

    April 24, 2008

    An Oregon hedge fund has upped its stake in The Pantry, Triangle Business Journal reports. Stadium Capital Management, a fund investing in small-cap companies, now owns 6.4% of The Pantry (Nasdaq: PTRY), according to regulatory documents.

  • BlackRock Misses Target On FoF Feeder

    April 24, 2008

    BlackRock announced that it has raised USD275 million from the London listing of a fund of hedge funds feeder, missing its USD500 million target, Thomson IM reports.

  • Trafalgar Founders Make Millions In Goldman Deal

    April 24, 2008

    Goldman Sachs’ Petershill fund bought 54,113 shares in Trafalgar Asset Managers from its founder, The Telegraph reports citing documents filed at Companies House.

  • Gems Rolls Out Leveraged Version Of Credit FoF

    April 24, 2008

    London’s Gems Advisors has launched Gems Recovery Enhanced—a leveraged version of its credit-related fund of hedge funds.

  • Rabobank Preps USD100M Agri PE Fund

    April 24, 2008

    Netherlands-based Rabobank is planning to start a USD100 million private equity fund in India that will focus on agriculture, Business Standard reports.

  • BlackRock Misses Target On FoF Feeder

    April 24, 2008

    BlackRock announced that it has raised USD275 million from the London listing of a fund of hedge funds feeder, missing its USD500 million target, Thomson IM reports.

  • Galleon To Launch L/S Fund From Singapore

    April 24, 2008

    Hedge fund manager Galleon Group is establishing a Singapore operation to manage its USD1.1 billion Asian long/short equity fund and to expand into new businesses, industry sources told Reuters.

  • Dubai’s M’Sharie To Sell 40% Stake

    April 24, 2008

    M’Sharie, Dubai Investments’ private equity unit, said it will sell up to 40% of its shares to Gulf investors in a private placement on May 8, Gulf News reports.

  • Babson Plans Mortgage Fund Launch

    April 24, 2008

    Springfield, Mass., firm Babson Capital Management is preparing a distressed hedge fund that will invest in mortgage securities in the U.S.

  • Eden Rock Touts ABL Strat

    April 24, 2008

    Eden Rock Capital Management is seeking to grow assets five-fold in its pure asset-based lending fund to $500 million over the course of the year.

  • Milwaukee City Discusses First Alts Foray

    April 24, 2008

    The Milwaukee City Employees Retirement System is considering carving out a 15% allocation to alternatives.

  • Houston Hires FoF, Commits To Pvt. Equity

    April 24, 2008

    The $3 billion Houston Firefighters Relief and Retirement pension board approved a $40 million commitment to Harris Alternatives’ Aurora Offshore Fund II on April 17.

  • SYW Gains On Coal, Google Longs

    April 23, 2008

    SYW Capital Management’s SYW LP fund is up 30% year-to-date, helped by Appalachian coal hitting an all-time high and an uptick in Google.

  • Dubai, China’s First Eastern Launch PE Fund

    April 23, 2008

    Dubai International Capital, the investment division of Dubai Holding, and First Eastern Investment Group, a top Chinese private equity firm, announced the launch of a new fund, China Dubai Capital.

  • Lehman Appoints Sovereign Wealth Head

    April 23, 2008

    Lehman Brothers promoted Makram Azar to the newly-created position of global head of sovereign wealth funds, based in Dubai. Azar will report to Jeremy Isaacs, ceo for Europe, Middle East and Asia-Pacific; Steve Lessing, global head of senior relationship management, and Jasjit Bhattal, ceo for Asia Pacific.

  • Trident Capital To Invest $150M In India

    April 23, 2008

    California-based Trident Capital said it will invest USD150 million in India over three years from its seventh fund, Mint reports. The firm plans to raise USD600 - USD800 million for its seventh fund.

  • Former Thai PM Preps PE Fund

    April 23, 2008

    Former Thai Prime Minister Thaksin Shinawatra plans to start a private equity fund with up to USD5 billion if he can get access to assets frozen over graft charges, Reuters reports.

  • GLG Announces Coffey’s Resignation

    April 23, 2008

    GLG Partners announced that it accepted the resignation of Greg Coffey, a portfolio manager.

  • Shackleton Ventures Closes Fund At GBP25M

    April 23, 2008

    U.K. venture capital firm Shackleton Ventures has closed its second fund, Shackleton Secondaries II, at GBP25 million, AltAssets reports.

  • PIMCO Preps “Unconstrained” Fund

    April 23, 2008

    Fixed income shop Pacific Investment Management (PIMCO) is prepping a new fund called the PIMCO Fixed Income Unconstrained Fund, which will invest in a variety asset classes, The Wall Street Journal reports, citing a Securities and Exchange Commission filing.

  • Dalton Preps Mortgage Debt Fund

    April 23, 2008

    Dalton Investments, a USD1 billion Asia-focused alternatives firm, is launching its first mortgage debt hedge fund, and what will be its fifth offering, FINalternatives reports.

  • Hedgies Play Role In Rising Oil Prices

    April 23, 2008

    Hedge fund activity is playing a part in oil’s surge to record highs above USD118 per barrel, as investors move away from equity toward commodities, but long-term fundamental supply constraints remain the main price driver, Reuters reports.

  • Citadel Names U.S. Fixed Income Head

    April 23, 2008

    Citadel Investment Group has hired Derek Kaufman as a senior managing director and head of its U.S. fixed income business, based in New York.

  • Japan Firm Sets RE Fund Launch

    April 23, 2008

    UMJ Singapore is preparing to launch the Trigate Japanese Distressed Real Estate Fund July 1.

  • Ermitage Rolls Out Green FoF

    April 23, 2008

    Ermitage Group has launched a fund of hedge funds focused on clean resources.

  • Iraq Fund Suffers Amidst Political Unrest

    April 23, 2008

    Godvig Capital Management’s Iraqi hedge fund, the Babylon Fund, was down 6.45% in March.

  • Singapore Firm To Add Principal

    April 23, 2008

    Three Kingdoms Capital, the Singapore hedge fund firm co-founded by brothers Dio and the late Otto Wong, has lined up an investment principal who will join in the next two months.

  • U.S. Manager Hires In Europe

    April 23, 2008

    Private equity firm Paine & Partners, based in San Francisco and New York, has expanded into Europe with the appointment of two directors for the Nordics and rest of Europe.

  • Japanese Firm Preps PE Seeding Fund

    April 23, 2008

    Tokyo-based fund of funds firm Rogers Investment Advisors is gearing up to launch what is believed to be the first private equity fund focused on investing in Asian hedge fund firms.

  • Thames River Seeks U.K. L/S Team For Fund Launch

    April 23, 2008

    Thames River Capital will hire a team of U.K. equity specialists to manage its first hedge fund focused on the country.

  • LRG, Signature Prep Emerging Market Fund

    April 23, 2008

    San Francisco-based LRG Capital is partnering with Dubai-based financial house Signature Group to open a joint office in Dubai in order to launch LRG Capital Signature Momentum fund by July 1.

  • Citigroup Under Investigation Over Hedge Funds

    April 22, 2008

    The decline of Citigroup’s fixed income hedge funds has led to investor claims and an investigation of Citigroup, according to a four-law firm legal team.

  • Warburg Pincus Closes USD15B X Fund

    April 22, 2008

    Warburg Pincus has closed the USD15 billion Warburg Pincus Private Equity X fund and plans to invest in core industry sectors, specifically early-stage, growth and late-stage businesses in North America, Europe and Asia.

  • Carlyle Group Closes Tenth CLO Fund At USD450M

    April 22, 2008

    The Carlyle Group announced the final close of Carlyle Credit Partners Financing I, its tenth collateralized loan obligation to be launched by Carlyle’s US leveraged finance team’s, with USD450 million, HedgeWeek reports.

  • Fairfield Greenwich Adds Chief Global Strategist

    April 22, 2008

    Alternative asset management firm Fairfield Greenwich Group has hired David Horn to join the firm’s New York office as partner, chief global strategist and a member of the board of directors.

  • Managed Hedge Fund Capital Gains 1%

    April 22, 2008

    Net investment in hedge funds is almost flat this year as poor returns and the high-profile implosion of funds scares off investors, The Telegraph reports citing data from Hedge Fund Research (HFR). HFR numbers show capital managed by hedge funds in the first quarter of 2008 increased less than 1%.

  • Japanese Insurers To Consider Alt Investments

    April 22, 2008

    Low government bond yields and jumpy currency markets are forcing Japan’s life insurers to consider riskier investments to boost returns, specifically hedge funds and private equity, Reuters reports.

  • Man Launches Forecasting Index

    April 22, 2008

    Man Investments has introduced Man Vision Index Notes, a hedge fund product that aims to benefit from major upcoming developments, such as the growth of emerging markets, the impact of new demographics, climate change and future energy sources, HedgeWeek reports.

  • PE Activity In UAE Touches USD2.7B In 2007

    April 22, 2008

    The value of investment transactions for global private equity funds in the United Arab Emirates totaled USD2.7 billion in 2007, Gulf News reports, citing participants of a private equity forum.

  • Wipro Chairman To Launch USD1B Fund

    April 22, 2008

    Wipro chairman Azim Premji, one the richest Indians, is launching a private equity fund with at least USD1 billion, The Economic Times reports. PremjiInvest is expected to be sector-agnostic and might even steer clear of some IT services companies.

  • Warburg Pincus Closes USD15B X Fund

    April 22, 2008

    Warburg Pincus has closed the USD15 billion Warburg Pincus Private Equity X fund and plans to invest in core industry sectors, specifically early-stage, growth and late-stage businesses in North America, Europe and Asia.

  • Bloom To Leave Silver Creek

    April 22, 2008

    Steven Bloom, senior managing director at fund of hedge funds firm Silver Creek Capital Management, will leave the $9 billion firm in the next few months.

  • Frey Debuts Infrastructure FoF With 15-Year Lockup

    April 22, 2008

    Horizon21, Rainer-Marc Frey’s Swiss alternatives house, has rolled out H21 Infrastructure I, a fund of funds which imposes a 15-year lockup on investors.

  • Goldman Vet To Launch Debt Fund With Citadel Money

    April 22, 2008

    Thomas Wagner, former head of distressed and high-yield debt trading at Goldman Sachs, has co-founded Knighthead Capital Management and will launch a distressed debt strategy with $750 million, $300 million of which has come from Ken Griffin’s Citadel Investment Group.

  • 130/30 Shop Preps Market-Neutral Strat

    April 22, 2008

    New York 130/30 shop Hagin Investment Management is preparing to launch its second fund, a market-neutral strategy, in the third quarter.

  • Family Office Seeks Japanese Exposure

    April 22, 2008

    Barrett Capital Management, a multi-family office run out of Midlothian, Va., is looking to invest in a Japan-focused hedge fund during the first half of this year.

  • Aureos Invests In China Wind Co.

    April 22, 2008

    Mauritius private equity firm Aureos Capital’s Aureos China Fund has invested $5 million in Qingdao Land of State Power Environment Engineering Company, a Chinese wind energy and environmental protection company, April 21.

  • Gargour To Rally Hedgies For Art Fundraiser

    April 21, 2008

    LNG Capital, the London hedge fund boutique run by RAB Capital’s former director of fixed-income, Louis Gargour, will be sole sponsor of a charity art exhibition and auction in London on June 12 on behalf of the Prince’s Trust.

  • Marketer Departs Alternative Asset Managers

    April 21, 2008

    Cathleen Rittereiser, a v.p. in institutional marketing at Alternative Asset Managers, has left the New York hedge fund firm.

  • Pyramis Kicks Off Market Neutral Strat

    April 21, 2008

    Pyramis Global Advisors has rolled out a global market-neutral fund.

  • I.T.-Focused Venture Firm Hires Partner

    April 21, 2008

    James Socas, former v.p. and head of corporate development at software company Symantec Corporation, joined venture capital firm Updata Partners as a general partner Monday.

  • Arkansas Teachers Eyes Alts For Emerging Strategy Pool

    April 21, 2008

    Trustees of the $12 billion Arkansas Teachers Retirement System approved creating an emerging strategy pool that is likely to include alternatives, at a board meeting April 7.

  • Bahrain’s MF Biz Up 73% In 2007

    April 21, 2008

    Bahrain’s mutual funds industry grew by nearly 73% last year, closing 2007 with net asset value of $15.6 billion, compared with $9 billion in 2006, according to data from the Central Bank of Bahrain, Hedge Funds Review reports

  • Red Kite Plans Hong Kong, Aussie Funds

    April 21, 2008

    Metal fund operator RK Capital Management plans to introduce two new funds in Hong Kong and Australia, Bloomberg reports.

  • Iceland Staves Off Hedge Fund Attacks

    April 21, 2008

    Iceland’s aggressive moves to fend off alleged attacks by international hedge funds on its currency, banks and stock market seem effective as the cost of insuring the debt of the country’s banks in the credit default swap market dropped dramatically this month, the Financial Times reports.

  • FBI Warns Of Fraud At Hedge Funds

    April 21, 2008

    The U.S. Federal Bureau of Investigation has warned that its investigations into corporate fraud may reveal more unlawful actions on the part of investment banks and hedge funds, Financial Post reports.

  • Former Refco President Convicted Of Fraud

    April 21, 2008

    Ex-Refco President Tone Grant was convicted of securities fraud in a scheme devised to disguise the commodities broker's financial troubles, Financial News reports.

  • British Columbia Launches CAD90M VC Fund

    April 21, 2008

    The government of Canadian province British Columbia has launched a CAD90 million venture capital fund that aims to support growing companies in the province's technology and life sciences sector, Vancouver Sun reports.

  • Morningstar Reports Poor Q1 Hedge Fund Performance

    April 21, 2008

    Morningstar reports that the Morningstar 1000 Hedge Fund Index lost 1.51% in the first quarter of 2008.

  • Dynamic Eyes More Hedge Funds

    April 21, 2008

    Dynamic Funds, the $25 billion Canadian asset manager, is planning to launch more hedge funds to add to its range of six.

  • Bear Stearns Brokerage Pros Join Pershing

    April 21, 2008

    Several Bear Stearns prime brokerage professionals have left for Pershing Prime Services, the Jersey City-based firm owned by Bank of New York Mellon.

  • "It's a sad commentary on the system that people should feel intimidated to stand up for what's right. But people stood in silence, so I had to step up."

    April 18, 2008

    --Phil Goldstein, winner of AIN's Outstanding Contribution to the Hedge Fund Industry award, on why he took on the Securities and Exchange Commission.

  • Battenkill Seeks Seeding Partner For Energy Fund

    April 18, 2008

    Battenkill Capital Management is seeking a seed partner for its Alpine Fund, an enhanced market neutral strategy.

  • California County To Venture Into Pvt. Equity

    April 18, 2008

    The $1.5 billion Marin County (Calif.) Employees Retirement Association is preparing to invest about 10% of its assets in private equity to boost returns.

  • Citi Institutional Taps Bear For RE Head

    April 18, 2008

    Citi Institutional Clients Group has appointed Thomas Flexner global head of real estate and a member of the management committee.

  • Corporate Pension Fund Investor of The Year

    April 18, 2008

  • Emerging Manager of The Year

    April 18, 2008

  • Ermitage Launches Two Funds On LSE

    April 18, 2008

    Ermitage Group has launched two securities issued by Nomura that are listed on the London Stock Exchange, which aim to provide investors with tax efficient access to specialist offshore fund of hedge funds.

  • Fund of Hedge Funds Leader of The Year

    April 18, 2008

  • Funds Of Funds Look To Volatility Plays

    April 18, 2008

    Funds of hedge funds in Asia are searching out volatility plays as both investments and hedges—but a lack of volatility-focused funds in the region has them looking at increasingly sophisticated trading strategies.

  • Funds Push Accountability For Gifts

    April 18, 2008

    Compliance officers at asset management firms, including hedge funds, are changing their policies and procedures to boost accountability for gifts and entertainment following a high-profile case involving officials at Fidelity Investments.

  • Global Macro Hedge Funds

    April 18, 2008

    The table below displays some of last year's top Global Macro Hedge Funds, according to data provided by Eurekahedge.

  • Halbis Manager Returns To BGI

    April 18, 2008

    Manus Stapleton, former portfolio manager at hedge fund firm Halbis, has returned to Barclays Global Investors in a product management role after a stint of a year and a half running Halbis’ commodities fund.

  • Halbis Names Commodities Manager

    April 18, 2008

    HSBC Group subsidiary Halbis has named Shameema Yousuf a fund manager on the USD55 million Halbis Commodities Alpha Fund.

  • Hedge Fund Consultant of The Year

    April 18, 2008

  • Hedge Fund Launch of The Year

    April 18, 2008

  • Hedge Fund Leader of The Year

    April 18, 2008

  • Institutional Manager of The Year

    April 18, 2008

  • Mandate Scoreboard

    April 18, 2008

    The table below shows new allocation commitments gained by alternative managers year-to-date through April 16.

  • Nonprofit Investor of The Year

    April 18, 2008

  • One Year Ago In Alternative Investment News

    April 18, 2008

    Gary Vaughan-Smith, ex-head of ABN AMRO Asset Management's alternative investment group, co-founded a multi-strategy fund of hedge funds firm in London with Alex Da Costa, former head of alternative portfolio construction at ABN AMRO.

  • Outstanding Contribution to the Hedge Fund Industry

    April 18, 2008

  • Paulson, Citadel Nominated For Hedge Fund Awards

    April 18, 2008

    Brevan Howard Asset Management, Citadel Investment Group, Odey Asset Management and Paulson & Co. are the nominees for Alternative Investment News' Hedge Fund Leader of the Year award.

  • Public Fund Investor of The Year

    April 18, 2008

  • Search Directory

    April 18, 2008

    The following directory includes search activity for the week.

  • Soros Backs Hedge Fund Regulations

    April 18, 2008

    While promoting his new book (The Paradigm of Financial Markets) in Brussels, George Soros, gave his two cents on hedge fund regulation, HedgeCo.Net reports.

  • Tata To Sell Stake To Raise USD1B

    April 18, 2008

    Tata Teleservices is planning to raise more than USD1 billion by selling a stake of the business to private equity firms and strategic investors.

  • Thames River Bets On Commodity Crash

    April 18, 2008

    Thames River Capital Fund Manager Ken Kinsey-Quick has shifted some subprime assets after shorting the sector in 2007 because of their bargain prices and is also hoping to bank off falling commodity prices, Reuters reports.

  • UBS, Enso Capital Link To Start Fund

    April 18, 2008

    UBS has joined forces with USD600 million hedge fund Enso Capital Management to create a new joint venture, UBS Enso Management.

  • Zurich Firm Plans Green PE Fund

    April 18, 2008

    Systematic Absolute Return SAR in Zurich is planning what it believes to be the first-ever environmentally responsible private equity fund. Not yet named, the strategy will invest in seven-to-20 biofuel and mining projects, according to Andrew Perry, head of business development.


 

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